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IJJ vs. SCHA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJJ vs. SCHA

Last updated Jul 22, 2026
Documentation

IJJ (iShares S&P Mid-Cap 400 Value ETF) and SCHA (Schwab U.S. Small-Cap ETF) are both exchange-traded funds - IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, IJJ returned 10.35%/yr vs 10.91%/yr for SCHA. Their correlation of 0.94 suggests significant overlap in exposure. IJJ charges 0.18%/yr vs 0.04%/yr for SCHA.

Performance

IJJ vs. SCHA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P Mid-Cap 400 Value ETF (IJJ) and Schwab U.S. Small-Cap ETF (SCHA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJJ achieves a 12.83% return, which is significantly lower than SCHA's 22.07% return. Over the past 10 years, IJJ has underperformed SCHA with an annualized return of 10.35%, while SCHA has yielded a comparatively higher 10.91% annualized return.

IJJ

1D
0.59%
1M
1.83%
6M
8.82%
YTD
12.83%
1Y
18.95%
3Y*
12.12%
5Y*
9.48%
10Y*
10.35%
ALL TIME*
10.38%

SCHA

1D
2.21%
1M
-1.34%
6M
15.12%
YTD
22.07%
1Y
34.95%
3Y*
16.78%
5Y*
8.24%
10Y*
10.91%
ALL TIME*
12.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJJ vs. SCHA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJJ
iShares S&P Mid-Cap 400 Value ETF		12.83%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%
SCHA
Schwab U.S. Small-Cap ETF		22.07%11.60%11.16%18.46%-19.81%16.45%19.34%26.50%-11.79%14.94%

Correlation

The correlation between IJJ and SCHA is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2009

0.94

The correlation between IJJ and SCHA has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

IJJ vs. SCHA - Sectors Allocation Comparison

Sectors
IJJ
SCHA

Financial Services

21.8%
15.6%

Industrials

19.1%
14.7%

Consumer Cyclical

13.9%
9.5%

Technology

10.4%
22.4%

Real Estate

9.5%
6.2%

Energy

6.3%
4.7%

Basic Materials

5.7%
3.9%

Consumer Defensive

4.8%
2.3%

Utilities

4.0%
2.3%

Healthcare

3.8%
15.7%

Communication Services

0.8%
2.5%

Financial Services

IJJ
21.8%
SCHA
15.6%

Industrials

IJJ
19.1%
SCHA
14.7%

Consumer Cyclical

IJJ
13.9%
SCHA
9.5%

Technology

IJJ
10.4%
SCHA
22.4%

Real Estate

IJJ
9.5%
SCHA
6.2%

Energy

IJJ
6.3%
SCHA
4.7%

Basic Materials

IJJ
5.7%
SCHA
3.9%

Consumer Defensive

IJJ
4.8%
SCHA
2.3%

Utilities

IJJ
4.0%
SCHA
2.3%

Healthcare

IJJ
3.8%
SCHA
15.7%

Communication Services

IJJ
0.8%
SCHA
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P Mid-Cap 400 Value ETF

Schwab U.S. Small-Cap ETF

Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. IVVIJJ vs. VOOIJJ vs. VOOV
Often compared with SCHA:
SCHA vs. VBSCHA vs. AVUVSCHA vs. SWSSXSCHA vs. IJRSCHA vs. SCHDSCHA vs. SCHMSCHA vs. SCHB

Return for Risk

IJJ vs. SCHA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJJ
IJJ Risk / Return Rank: 4848
Overall Rank
IJJ Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJJ Omega Ratio Rank: 4646
Omega Ratio Rank
IJJ Calmar Ratio Rank: 4747
Calmar Ratio Rank
IJJ Martin Ratio Rank: 5050
Martin Ratio Rank
SCHA
SCHA Risk / Return Rank: 8080
Overall Rank
SCHA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SCHA Sortino Ratio Rank: 7878
Sortino Ratio Rank
SCHA Omega Ratio Rank: 7171
Omega Ratio Rank
SCHA Calmar Ratio Rank: 8787
Calmar Ratio Rank
SCHA Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJJ vs. SCHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) and Schwab U.S. Small-Cap ETF (SCHA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IJJSCHADifference
Sharpe ratioReturn per unit of total volatility
1.25
1.84

-0.59

Sortino ratioReturn per unit of downside risk
1.93
2.64

-0.72

Omega ratioGain probability vs. loss probability

1.22

1.31

-0.09

Calmar ratioReturn relative to maximum drawdown

1.80

3.69

-1.90

Martin ratioReturn relative to average drawdown

6.21

12.60

-6.38

IJJ vs. SCHA - Sharpe Ratio Comparison

The current IJJ Sharpe Ratio is 1.25, which is lower than the SCHA Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of IJJ and SCHA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJJ vs. SCHA - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, which is greater than SCHA's maximum drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for IJJ and SCHA.

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Drawdown Indicators

IJJSCHADifference

Max Drawdown

Largest peak-to-trough decline

-58.00%

-42.41%

-15.59%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-9.50%

-1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-22.68%

-27.29%

+4.61%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-30.79%

+8.11%

Max Drawdown (10Y)

Largest decline over 10 years

-46.11%

-42.41%

-3.70%

Current Drawdown

Current decline from peak

-1.23%

-4.18%

+2.95%

Average Drawdown

Average peak-to-trough decline

-7.90%

-7.54%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

2.78%

+0.28%

Volatility

IJJ vs. SCHA - Volatility Comparison

The current volatility for iShares S&P Mid-Cap 400 Value ETF (IJJ) is 3.21%, while Schwab U.S. Small-Cap ETF (SCHA) has a volatility of 5.84%. This indicates that IJJ experiences smaller price fluctuations and is considered to be less risky than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJJSCHADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

5.84%

-2.63%

Volatility (6M)

Calculated over the trailing 6-month period

10.78%

14.56%

-3.78%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

19.05%

-3.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.37%

22.03%

-2.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.97%

22.75%

-0.78%

IJJ vs. SCHA - Expense Ratio Comparison

IJJ has a 0.18% expense ratio, which is higher than SCHA's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJJ vs. SCHA - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.59%, more than SCHA's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.59%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
SCHA
Schwab U.S. Small-Cap ETF		1.03%1.26%1.51%1.42%1.37%1.19%1.05%1.39%1.58%1.24%1.50%1.48%

Frequently Asked Questions

IJJ and SCHA have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHA has higher volatility (5.84%) compared to IJJ (3.21%). In terms of maximum drawdown, IJJ dropped -58.00% vs SCHA's -42.41%.

On 10-year performance, SCHA leads with 10.91% vs 10.35% for IJJ. On fees, SCHA is cheaper at 0.04% per year. On volatility, IJJ has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHA has performed better with a 10.91% return vs 10.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHA is cheaper with a 0.04% expense ratio, compared with 0.18% for IJJ.

IJJ has the higher dividend yield at 1.59%, compared with 1.03% for SCHA.

IJJ is categorized as Mid Cap Value Equities, while SCHA is Small Cap Blend Equities. IJJ tracks S&P MidCap 400 Value Index, while SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.18% for IJJ and 0.04% for SCHA.

SCHA currently has the higher Sharpe Ratio (1.84 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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